Compliance NumberTemplate: 1000797-00012-00. If the index decreased by any amount at all,client loses nothing whether they chose the cap rateor participation rate, as they are protected by the floor. 0000001036 00000 n Prudential Financial has jumped into the fastest-growing segment of the beleaguered annuity marketthe $17.4 billion market for structured variable annuities-by issuing its first registered index-lined annuity contract, called FlexGuard.. This is an independent product review, not a recommendation to buy or sell an annuity. transform: translate(-50%, -50%) opens in new window. Prudential FlexGuard IVUL is the second (after Equitable MSO, which has been in market largely unchanged since 2010) of what will inevitably become a new category in the life insurance market, Variable UL products with subaccounts that offer structured payoffs - in this case, buffered strategies. . You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Upon renewal or reallocation, your clients may continue with the same strategy and allocation, or choose from the other strategies and terms available at that time. It is not possible to invest directly in an index. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Prudential FlexGuard is an indexed variable annuity designed for clients looking for a level of protection and innovative growth opportunities for their retirement savings. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Clients seeking information regarding their particular investment needs should contact a financial professional. Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, an international group incorporated in the United Kingdom or the Prudential Assurance Company, a subsidiary of MG plc, a company incorporated in the United Kingdom. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. The Performance Lock feature is an optional featureavailable on FlexGuard - NY that allows clients to lock in gains or limit the potential for a loss prior to the Index Strategy End Date. Prudential Financial, Inc. Any withdrawal taken during an index term will not be eligible to receive interest at the end of the index term. 0000009414 00000 n .RIANavActive a:after { bottom: -18px In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. Pruco Life Insurance Company, an Arizona company - California COA # 3637. Started in 2010 with one company, these hybrid annuities do offer is a limited loss to an investor between 10% and 20% of the markets decline during a specified period usually a year period. Prudentials diverse and talented employees help make lives better by creating financial opportunity for more people by expanding access to investing, insurance, and retirement security. . This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. Our new website has recently launched with features that may not be fully supported by your current browser. *The 5-year index term can only be elected at contract issue and cannot be renewed. It does not reect a specific annuity or an actual account value. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. Prudential Financial, Inc.is an Fortune 500 and S&P 500 company whose subsidiaries provideinsurance,investment management, and other retirement financial products to bothretailandinstitutional customers. Step Rate Plus Index Strategy Underperform: MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. The value of an Index Strategy at the end of any Valuation Day during an Index Strategy Term other than the Index Strategy Start Date and Index Strategy End Date. Step Rate Plus Index Strategy Index underperforms the Step Rate: Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment Trusts (REITs) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. trailer Suggestions may appear below after you type 3 letters. Announces 2022 Results. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. Caps for the 3-year term cannot be less than 5% and for a 6-year term cannot be less than 10%. .RIANavActive a:before { Perseus Mining (TSX:PRU) Dividend Yield % as of today (March 01, 2023) is 1.25%. These rates are set by Prudential Annuities and effective as of the date indicated above. Please consult with your tax and legal advisors regarding your personal circumstances. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure At least characters must be typed in the search field in order to perform the search, PruSecure Fixed Indexed Annuity At-A-Glance. The Initial Term (s) begin on the Issue Date. .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. If they need more than the Free Withdrawal Amount or want to take a withdrawal in the first year, they can withdraw as much of the account value as they need, but keep in mind that surrender charges and a Market Value Adjustment (MVA) will apply. Subsequent rates and Tier Levels may differ from the rates and Tier Levels used for new contracts or for other contracts issued at different times. Prudential and its affiliates are not liable for use of the Stages platform. S&P 500, MSCI EAFE, iSHARES RUSSELL 2000 ETF, and INVESCO QQQ ETF. Prudential FlexGuard Life is an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers' changing life insurance needs. Copywriter: Susanne Bassmann height: 100%; Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Not Insured by FDIC or any Federal Government Agency|May Lose Value|Not a Deposit of or Guaranteed by the Bank or any Bank Affiliate. 0000046879 00000 n It offers a level of protection for your clients money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. } Not For Use with the Public. Please reference the prospectus for information about the levels of protection available and other important product information. (See Important Information Disclosure Statement for additional information about MVAs.) } If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. All references to income certainty and guarantees, including optional benefits, are backed by the claims-paying ability of the issuing company and do not apply to the underlying investment options. Investment advisory products and services are made available through Pruco, a registered investment adviser. 0000005806 00000 n /* .RIANavActive a:before { In 2017 Department of Labors fiduciary rule being struck down in federal court of Appeals has been especially helpful in the sales of indexed annuities. Not Insured by FDIC or any Federal Government Agency | May Lose Value | Not a Deposit of or Guaranteed by the Bank or any Bank Affiliate. FlexGuard also enables you to diversify where you put your money by allocating. If youd like to see Fortitude Re product information, please click here opens in new window. Use up and down arrow keys to navigate. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment trusts (REIT) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. Clients seeking information regarding their particular investment needs should contact a financial professional. hb``f``b`e`~bl,+00e@L. The MSCI EAFE is designed to measure the performance of a selection of stocks in 21 developed markets outside of the U.S. and Canada. All names, marks, and materials used for this review are the property of their respective owners. ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Prudential FlexGuard Income indexed variable annuity: current rates Effective Date: 12/15/2022 This new business rate sheet provides the Cap Rates, Step Rates, Participation Rates and Tier Levels as set by Prudential effective as of the date above. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. 5 years: 9%, 9%, 8%, 7%, 6% (California: 8.25%, 8%, 7.75%, 7%, 6%) 7 years: 9%, 9%, 8%, 7%, 6%, 5%, 4% (California: 8.25%, 8%, 7.75%, 7%, 6%, 5%, 4%) Rates will vary based on the surrender charge period chosen. 0000017237 00000 n Although the Portfolio seeks to preserve the value of your investment at $10.00 per share, it is possible to lose money by investing in the Portfolio. Prudential Financial is not affiliated in any manner with Prudential plc, an international group incorporated in the United Kingdom or the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom. .pru-module.pru-module-12 .pru-module-rich-text-editor {width: 100%;}, See product specifications for more information on funds and fees associated PDF opens in new window. Assurance IQ, LLC a wholly-owned subsidiary of Prudential Financial, Inc. ("Prudential") matches buyers with products such as life and health insurance and auto insurance, enabling them to make purchases online or through an agent. MFS Value Series Service Class MFS International Growth Portfolio Service Class MFS Total Return Series Service Class MFS Total Return Bond Series Service Class PSF PGIM Government Money Market Portfolio Class III default Holding Account. Compliance NumberTemplate: 1000797-00012-00. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions, will be subject to any applicable surrender charges and a Market Value Adjustment. New & Different Solutions. PCS is not a licensed insurance agency or broker. The experience has also seen over 400 users click through to the FlexGuard Modeling Tool. Annuities and Life Insurance are issued by Prudential Financial companies; The Prudential Insurance Company of America (PICA) or Pruco Life Insurance Company (PLAZ) (in New York, by Pruco Life Insurance Company of New Jersey (PLNJ)), all located in Newark, NJ (main office), or an unaffiliated third-party issuer: Fortitude Life Insurance & Annuity Company (FLIAC), located in Jersey City, NJ. .RIANavActive a { There may typically be upper limits known as cap rates and participation rates, on the amount of potential interest credited in a given period, as well as a floor that offers downside protection. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. The Segment Rate of Return for a Choice Segment will always be less than (a) the Performance Cap Rate and (b) the index performance rate, if positive, for that Segment. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Annuities and Life Insurance are issued by Prudential Financial companies; The Prudential Insurance Company of America (PICA) or Pruco Life Insurance Company (PLAZ) (in New York, by Pruco Life Insurance Company of New Jersey (PLNJ)), all located in Newark, NJ (main office), or an unaffiliated third-party issuer: Fortitude Life Insurance & Annuity Company (FLIAC), located in Jersey City, NJ. An investment in the PSF PGIM Government Money Market Portfolio is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. By using this website, you agree that you have read and agree to our Terms and Conditions. Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Asset allocation and rebalancing do not ensure a profit or guarantee against loss. 0000001712 00000 n A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. Investing in a variable annuity may be the answer for part of your overall retirement strategy. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. Growth opportunities with added ability to lock in performance. 0000036749 00000 n Net loss attributable to Prudential Financial, Inc. of $558 million or $1.53 per Common share versus net income of $1.208 billion or $3.13 per share for the year-ago quarter. Investing in securities involves risk, and there is always the potential of losing money. 0000030064 00000 n The applicable Income Percentage and Income Deferral Rate is based on the attained age of the Protected Life (or younger of the Joint Protected Lives) on the Index Effective Date, according to the tables below: . 0000013916 00000 n First of the month following the 95th birthday of the oldest Owner/Annuitant, Annuity Payments for a Fixed Period Life Income Joint Life Income Life with Period Certain Joint Life with Period Certain. Both are Prudential Financial companies located in Newark, NJ. Remember that the index credits are capped at a lower rate than the index itself like your index mutual funds or EFT at Charles Schwab or Fidelity. They are options held on the indexes at the annuity carriers investment department. Most indexes described above will NOT include the dividends which historically represent some returns in the case of the S&P 500 index. After a Performance Lock has occurred funds remain allocated to the index strategy, but the client no longer participates in the index performance, both positive or negative, for the remainder of the existing index strategy term. Renewal Cap Rates and Participation Rates may be higher or lower than the initial rates, but will never be less than the Guaranteed Minimum Rates. I hope you found this look informative and found value in your time. Aloha! Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. After Year 1: Client(s) may withdraw up to 10% of the account value each year (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. Dividend Yield % explanation, calculation, historical data and more Information contained on this site does not and is not intended to constitute an advertisement, solicitation or offer for sale in any jurisdiction, outside the United States of America, where such use would be prohibited or otherwise regulated. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . One of the most valuable aspects of FlexGuard is its potential to cushion your account against loss. With FlexGuards index strategies, you can select a level of protection, called a buffer. May 18, 2020 8:00AM EDT. Please use one of the browsers below or contact your IT department regarding approved options. By using this website, you agree that you have read and agree to our, Investments, Life Insurance, Retirement, Planning, Life Insurance, Retirement, Investments-old, Partnering with Association and Affinity Groups, Check the background of this firm on FINRA's BrokerCheck, Free Withdrawals in each contract year are not cumulative, Contingent Deferred Sales Charges will not apply to Required Minimum Distributions that Prudential calculates, Total Annualized Insurance Fees and Charges for Net Purchase Payments less than 1 Million: 1.30%, Total Annualized Insurance Fees and Charges for Net Purchase Payments of at least $1 Million: 1.20%, Subsequent Cap and Participation Rates may be higher or lower than the initial Rates, but will never be less than the Guaranteed Minimum Rates. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. FlexGuard - NY's Index Strategies do not represent a direct investment in an index. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. Buffers and floors cannot change for a contract after they are established. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. You should read the prospectuses carefully before investing. Think of it as a second layer of protection., Table below will update as the competition changes. Currently, there are some great choices for retirement annuities. To request a side by side, click on the compare button below, and our Certified Financial Planner will be happy to answer any question you might have (Click Here).. Since this investment is usually for the long term such as 10 years, it is important that the annuity company itself is financially sound. The guarantees in the annuity are back by the insurance company and not from a government agency. However each states Guaranty Association has a dollar amount, usually $100,000, that it will refund if an annuity carrier went bankrupt. By using this website, you agree that you have read and agree to our, Investments, Life Insurance, Retirement, Planning, Life Insurance, Retirement, Investments-old, Partnering with Association and Affinity Groups, Check the background of this firm on FINRA's BrokerCheck, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members. Prudential's book value per share also increased slightly in the quarter to $167 per share, which means it has growing shareholder equity to cover losses, even in a pandemic. However, transfers among Variable Subaccounts may occur at any time. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . .RIANavActive a:after, Index lossesthat exceed the buffer will result in a loss of Account Value. As of 2019, the Newark New Jersey company Prudential is the largest insurance provider in the United States with $815.1 billion in total assets. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. MSCI EAFE Index: The annuity contract referred to herein is not sponsored, promoted or endorsed by MSCI, and MSCI bears no liability with respect to any such annuity contract or any index referred to by any such annuity contract. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Access to policy cash values is through loans and withdrawals. Each index strategy determines how your money can grow and calculates the interest you can earn differently. } Ifclients are looking to protect their money from market loss and still want the potential for growth, the PruSecure Fixed Indexed Annuity offers them both. The stock price is. When the time comes for your clients to use the benefits that are offered by an annuity, it is important to remember that all guarantees including the optional benefits are backed by the claims-paying ability of the issuing company. If the Index Return is positive, but less than the Cap Rate, the Index Credit is equal to theIndex Return. Partner with us, and well invest in you. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. If they make a full withdrawal of the annuity, they will receive the greater of the account value (minus any surrender charges and adjusted by any applicable MVA) and the Minimum Guaranteed Surrender Value. PruSecure was designed to meet the needs of clients who are: Initial: $10,000 Subsequent: Not Permitted, Minimum: None / Maximum: 85 Contracts may not be issued on or after the 86th birthday of the oldest of all owners and annuitants, No later than the first contract anniversary on or after the oldest owner's or annuitant's 95th birthday, Indexed-Based Strategy with Point-to-Point Crediting with Cap Rate and Point-to-Point Crediting with Participation Rate.

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